Kevin Kong
Template:TOCnestleft Kevin Kong
Flushing Business Retention Loan Program
In June 2011, Renaissance launched the Downtown Flushing Business Retention Loan Program to provide financial assistance to small businesses impacted by the planned mixed use development of a Downtown Flushing, Queens municipal parking lot. The program provides small business loans of up to $50,000 at an interest rate of 3% for terms of up to 5 years.
Since launching the program, Renaissance has made ten loans for over $270,000, with additional applications pending.
To spread the good news about this program to the community, Renaissance hosted a press conference to launch the program, which was attended by various Korean, Chinese, and English media and by representatives from the U.S. Small Business Administration, Ronald Goldstein and Man-Li Kuo Lin, as well as Grace Ku of New York State Assembly Member Grace Meng’s office. Also in attendance were City Council Member Peter Koo, and Christopher Kui and Kevin Kong, Renaissance’s Chair and Managing Director, respectively, as well as Richard Lee from Asian Americans for Equality.[1]